As promised yesterday the elliotte wave update for 5th wave, now it appears that we are in the 4th wave of the 5th of the 5th wave. once completion of the same we have all chances of correcting. The heavy volumes are indicating that we might be nearing the top for the stock. As of now the wave structure as per my understanding is given above, as the prices moves and forms patters, the wave structure might change. One thing is sure we are nearing top for the stock.

M.Sri Mahidar
Trend is Friend.